GCG Advises on the sale of Venshure Test Services to AB Dynamics
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GCG Advises on the sale of Venshure Test Services to AB Dynamics
Greenwich Capital Group (“GCG”) is pleased to announce its role as the exclusive financial advisor to Venshure Test Services (“VTS” or the “Company”) on its sale to AB Dynamics plc (“AB Dynamics”). This transaction adds to GCG’s extensive experience in the automotive technology sector.
About the Transaction
Founded in 2019, VTS is a provider of vehicle testing services for hybrid and fully electric vehicles (“EV”), internal combustion engine (“ICE”) vehicles, and advanced powertrains to support product durability, performance, and regulatory compliance. The Company was founded to capitalize on the surge in vehicle testing resulting from the introduction and optimization of green propulsion technologies in tandem with ICE solutions. The facility was purchased and developed over the past several years to provide unique and valuable services, including thermal and dynamometer-based testing.
“As a three-time sell-side Greenwich client, I’ve been impressed by their ability to expertly modulate pace and pressure to drive strong outcomes. Greenwich has the industry relationships, experience, and process discipline to generate outlier results for its clients,” said David Ploucha, Co-Founder and CFO of Venshure Test Services.
“VTS is a premier vehicle testing facility, and our focus was finding the shareholders a strong partner to bring additional resources to the business. We focused on finding a strategic partner that would allow for a seamless transition and understood the value of the unique services VTS offers. AB Dynamics is a strong partner with immense vehicle testing expertise, which will lead to ideal results for all parties involved,” said Joe Schmitt, Managing Director of GCG.
About Venshure Test Services
Venshure Test Services is a leading vehicle testing services provider based in Chelsea, Michigan, founded by Gerard Glinsky and David Ploucha. The facility is equipped with nine dynamometers for mileage accumulation testing as well as two thermal test cells for climate-controlled testing in various climates. The Company’s testing capabilities for EVs, ICE vehicles, and other varied vehicle types enable vehicle development and certification for traditional OEMs alongside aspirational startups.
About AB Dynamics
Headquartered in Bradford On Avon, United Kingdom, AB Dynamics is a trusted global supplier of automotive test and verification products and solutions, playing a key role in ensuring the safe and responsible development of active safety and autonomous systems. AB Dynamic’s solutions encompass track testing, laboratory test machines, and driving simulators for customers ranging from OEMs and tier 1 suppliers to autonomous vehicle developers. AB Dynamics is a publicly listed company on the London Stock Exchange.
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